Brian L. Milne, Refined Fuels Editor, Telvent DTN July ended with a rally in wholesale prices for gasoline that either reversed or otherwise mitigated what would have been a decline in these costs for the last week of July. As a result, wholesale gasoline prices were mixed that will have a limited impact on pass…
Gasoline Pushes Higher
By Brian L. Milne, Refined Fuels Editor, Telvent DTN After inching off a one-month low last week to $272.2 gallon, the U.S. retail gasoline average is poised to post its second straight weekly increase, following wholesale costs higher. The US price benchmark for gasoline, the Reformulated Blendstock for Oxygenate Blending futures contract that trades on…
Retail Gasoline Prices to Renew Move to Upside
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices moved higher in metropolitan markets across the U.S., which will reverse the trend in retail prices since the middle of May from down to up. Broad-based economic data underpinned the higher wholesale prices, which continue to climb during the first day of summer.…
Gasoline Continue Slide into Memorial Day
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices continue tumbling, down nearly 50 cents from the start of May after another week of double-digit declines across most metropolitan markets nationwide through May 24. The drop in wholesale values is gradually filtering through to retail outlets, offering a savings for holiday travelers…
Gasoline Continue Slide into Memorial Day
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices continue tumbling, down nearly 50cts from the start of May after another week of double-digit declines across most metropolitan markets nationwide through May 24. The drop in wholesale values is gradually filtering through to retail outlets, offering a savings for holiday travelers this…
Gasoline Prices Slipping into Memorial Day
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Gasoline futures known as RBOB (Reformulated Blendstock for Oxygenated Blending) that trade on the New York Mercantile Exchange tumbled 35cts or 14 percent from a 19-month high reached on May 3 to May 17, capping the uptick in retail prices ahead of the unofficial kickoff to…
Wholesale Gasoline Prices Plummet After Confidence Shaken
By Brian L. Milne, Refined Fuels Editor, Telvent DTN On the first business day of May, the gasoline futures market which is used as a benchmark in pricing gasoline in the wholesale physical market, spiked to a 19-month high. Three days later on May 6, the gasoline futures contract tumbled 34.57 cents or 14.2% from…
Expectations Driving Gasoline Prices Higher
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail prices across the country are positioned to move higher in early May, which is typical this time of year as the market prepares for increased driving demand during the warmer months in late spring and summer. Climbing retail prices follows a renewed push higher in…
Gasoline Prices Retreat from Fresh Highs
Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline values are easing from an 18-month high while the national average for retail gasoline prices started April at a 17-month high, prompting some in the industry to quip, “It’s déjà vu all over again,” borrowing a line from legendary baseball star Yogi Bera. Widely discussed,…
Retail Gasoline Prices Moving Sharply Higher
Brian L. Milne, Refined Fuels Editor, Telvent DTN A recent government report showed inflationary pressure coming from higher gasoline prices in January, highlighting the impact of last month’s early surge in prices at the pump. Retail gasoline prices fell from early January highs, and inflation is not a near-term threat. In fact, the Consumer Price…